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June 4, 2020

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CNBC Business

Saudi Arabia and Russia push for an extension to output cuts, with OPEC+ meeting this week still possible

CNBC
by CNBC04
CNBC – For more and to sign up click here Russian Energy Minister Alexander Novak and Saudi Energy Minister Abdulaziz Bin Salman sign documents during a ceremony following a meeting of Russian President Vladimir Putin with Saudi Arabia’s King Salman in Riyadh, Saudi Arabia, on October 14, 2019. ALEXEY NIKOLSKY......
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Reuters - Business

Red tape thwarts South Africa’s green energy potential

Reuters
by Reuters08
JOHANNESBURG – World-leading renewables companies are lining up to invest in South Africa’s energy sector and help remedy a chronic generation shortfall that pushed the continent’s most advanced economy into recession even before the COVID-19 pandemic struck. Wind turbines produce renewable energy outside Caledon, South Africa, May 20, 2020. REUTERS/Mike......
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CBS US News

2020 Daily Trail Markers: Obama says energy from Floyd protests can change the nation

CBS News
by CBS News08
CBS News – For more and to sign up click here Former President Obama is urging Americans and local leaders to seize the urgency of the moment — the killing of George Floyd last week in Minneapolis and the ensuing nationwide protests — and change the nation. “In some ways......
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CNBC Business

Oil prices hit 3-month highs on expectations OPEC+ will extend deepest-ever production cuts

CNBC
by CNBC08
CNBC – For more and to sign up click here An Austrian army member stands next to the logo of the Organization of the Petroleoum Exporting Countries (OPEC) in front of OPEC’s headquarters in Vienna, Austria April 9, 2020. Leonhard Foeger | Reuters Oil prices continued to march higher on......
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CNBC Business

Helping China cut carbon emissions isn’t a financial game every business can play

CNBC
by CNBC09
CNBC – For more and to sign up click here A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about......
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Reuters - Business

Plunging cost of wind and solar marks turning point in energy transition: IRENA

Reuters
by Reuters06
FILE PHOTO: An aerial view shows power-generating windmill turbines in a wind farm in Graincourt-les-Havrincourt, France, April 27, 2020. Picture taken with a drone REUTERS/Pascal Rossignol LONDON (Reuters) – Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms......
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Environment

E.P.A. Limits States’ Power to Oppose Pipelines and Other Energy Projects

@BreaknNews
by @BreaknNews09
WASHINGTON — The Environmental Protection Agency on Monday announced that it had limited states’ ability to block the construction of energy infrastructure projects, part of the Trump administration’s goal of promoting gas pipelines, coal terminals and other fossil fuel development. The completed rule curtails sections of the U.S. Clean Water......
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CNBC Business

After oil’s best month ever, these are the key levels to watch

CNBC
by CNBC05
CNBC – For more and to sign up click here What a difference a month makes. West Texas Intermediate crude oil rallied nearly 90% in May, its best month ever. It was a bounce back from April losses. “When I look at the crude oil price, I would say when......
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Reuters - Business

U.S. pipeline operator Energy Transfer warns of coming job cuts

Reuters
by Reuters014
FILE PHOTO: Construction work continues on Sunoco’s Mariner East II natural gas pipeline near Morgantown in Chester County, Pennsylvania, August 1, 2017. REUTERS/Charles Mostoller/File Photo (Reuters) – U.S. pipeline operator Energy Transfer LP (ET.N) will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak......
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CNBC Business

Oil is on track for its best month ever

CNBC
by CNBC011
CNBC – For more and to sign up click here Oil came under pressure on Friday, the last trading day of month, but it’s still on pace to post its best month in history as an uptick in demand as well as record supply cuts have pushed prices higher. West......
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BBC - Business

Record drop in energy investment, warns IEA

BBC
by BBC012
https://www.bbc.co.uk/news/business-52812709 Image copyright Getty Images The coronavirus crisis is causing the biggest fall in global energy investment in history. Before the pandemic, funding was set to rise 2%, but now it’s predicted to plunge 20%, says the International Energy Agency (IEA). Fossil fuels are hit hardest, with a 30% funding......
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CNBC Business

IEA says the coronavirus crisis has set in motion the largest drop of global energy investment in history

CNBC
by CNBC011
CNBC – For more and to sign up click here An aerial view shows pumpjacks in the South Belridge Oil Field on April 24, 2020 near McKittrick, California. David McNew | Getty Images The International Energy Agency believes the coronavirus pandemic has paved the way for the largest decline of......
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CNBC Business

Tech, health care and energy: Investing experts share where they’re placing their bets

CNBC
by CNBC011
CNBC – For more and to sign up click here The economic fallout from the coronavirus pandemic has got many of us looking for new ways to make the most of our money. That’s spurred a surge in demand for financial advice and investment opportunities, particularly among young people. So......
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CNBC Business

Oil is on track for its best month ever after rebound, but traders say it’s ‘not out of the woods’

CNBC
by CNBC08
CNBC – For more and to sign up click here In the last two months, oil has hit two very different first-of-its kind milestones. In April West Texas Intermediate, the U.S. oil benchmark, plunged below zero and into negative territory for the first time on record. Meanwhile May is shaping......
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Reuters - Business

Oil falls on China-U.S. tensions, energy demand doubts

Reuters
by Reuters010
NEW YORK (Reuters) – Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol/File Photo Fuel......
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Reuters - Business

Oil drops 3% on China-U.S. tensions, energy demand doubts

Reuters
by Reuters08
NEW YORK (Reuters) – Oil prices tumbled about 3% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis. FILE PHOTO: A TORC Oil & Gas pump jack is seen near Granum, Alberta, Canada May 6, 2020. REUTERS/Todd Korol/File Photo Fuel......
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CNBC Business

As summer driving season kicks off, it’s unclear just how many people will take to the road

CNBC
by CNBC018
CNBC – For more and to sign up click here A customer gets ready to fill his car with gasoline at a Shell gas station in San Francisco, California. Getty Images The upcoming Memorial Day weekend could be a test for the gasoline market, depending on whether drivers in reopening......
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CNBC Business

China stocks up food and oil supplies as coronavirus spurs fears about shortages

CNBC
by CNBC014
CNBC – For more and to sign up click here A customer wearing face mask buys flour at a supermarket on May 12, 2020 in Taiyuan, Shanxi Province of China. Zhang Yun | China News Service | Getty Images China has been building up its food and energy stockpile this......
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Politico.com

New Jersey congressman says Trump’s coronavirus response should devote more ‘energy’ to public health

Politico
by Politico028
Politico.com – For more and to sign up click here A White House spokesperson did not immediately return a request for comment on Kim’s criticism. Since the early weeks of the coronavirus outbreak in the United States, President Donald Trump has argued aggressively for reopening wide swaths of the country,......
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